Germany, Luftwaffe. A Pilot’s Badge, by C.E. Juncker Hold the reverse bears the inscription

the reverse bears the inscription ESPANA AGRADECIDA around the edges

There is a small supplement section that is difficult to read

Instituted 19 March 1885 by Grand Duke Friedrich Franz III

including a Day of Handcrafters badge

Germany, Luftwaffe. A Pilot’s Badge, by C.E. Juncker Hold the reverse bears the inscription(Flugzeugfhrerabzeichen). A textbook example in silvered tombak, the obverse consisting of an oval laurel and oak leaf wreath, joined together at the bottom by ribbon, overlaid by a swooping Luftwaffe eagle clutching a mobile swastika, the reverse with two visible rivets securing the obverse eagle in position, with a barrel hinge and vertical pinback meeting a round wire catch, maker marked C. E. JUNCKER, BERLIN S. W., measuring 65. 06 mm (w) x 52. 55